The Architect as Developer model pioneered by Studio KHORA indeed marks a significant transformation in Florida's real estate market. By handling all the facets of the project from design to development, they aim to offer a streamlined process that enhances profitability and minimizes the hassle for investors.

The unique blend of aesthetics and investment value that Studio KHORA offers is indeed a game-changer. Their design approach, which combines modern elements with the essence of the site's environment, could very well set a new trend in the real estate sector.

The firm's focus on Southern Florida and the Northeast shows their understanding of these areas' market potential. Their vision to reinterpret Palm Beach architects traditional design themes prevalent in New York and Boston into a more contemporary perspective is innovative and could attract a new demographic of luxury buyers.

However, as in any investment venture, potential investors should bear in mind that returns cannot be guaranteed. While the projected 50% return within a 24-to-28-month timeframe is promising, factors such as the purchase price of the site and unforeseen development costs could affect the final results.

Overall, it's exciting to see how Studio KHORA's Architect as Developer model could shape the future of real estate in these regions. Their commitment to design excellence and strategic investment analysis certainly makes them an interesting option for investors looking to capitalize on the booming real estate market.